Under Liquidation Process by Insolvency Professional, Insolvency Resolution Plan

Asc Group28 Oct, 2022Legal

The main legislation governing bankruptcy and liquidation processes in India is now the Insolvency and Bankruptcy Code, 2016. After a corporate insolvency resolution procedure, efforts are undertaken to keep the entity's business operating. The corporate debtor that is subject to liquidation proceedings has a resolution plan prepared by the resolution applicant for its restoration or resolution as a going concern.